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Updated almost 5 years ago,
Guaranteed Rent vs New Developed Area?
Hey BiggerPockets Family!
I have the opportunity to purchase a rental property that will have a guaranteed rent. The home is about $140-150K and is not in a busy area.
The tenant would sign a guaranteed 5 year lease with the option to purchase.
My question is, the home is not in a developed area, would a guaranteed 5 year lease payment out weigh the non developed area?
Thanks!
Nick